Horan Capital Advisors LLC. Invests $202,000 in TransDigm Group Incorporated (NYSE:TDG)

Horan Capital Advisors LLC. purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 200 shares of the aerospace company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC grew its position in shares of TransDigm Group by 8.8% in the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after purchasing an additional 10 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of TransDigm Group by 5.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after acquiring an additional 10 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 11 shares during the period. Alcosta Capital Management Inc. boosted its position in shares of TransDigm Group by 0.3% in the third quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock worth $2,938,000 after acquiring an additional 12 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in TransDigm Group by 26.1% in the third quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 12 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Stifel Nicolaus upped their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Citigroup raised their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Finally, The Goldman Sachs Group lifted their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,170.27.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock valued at $69,840,358 in the last quarter. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TDG traded up $22.02 on Friday, reaching $1,293.80. The company’s stock had a trading volume of 238,023 shares, compared to its average volume of 179,038. TransDigm Group Incorporated has a 1 year low of $750.86 and a 1 year high of $1,303.49. The business’s 50 day moving average is $1,212.23 and its 200 day moving average is $1,073.99. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.15 earnings per share. As a group, research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.